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Microeconomics (Fall 2004)

Important Notice

*    You can download the sample quiz useful for preparation of the First Hourly Exam
*    Recommended Textbook (Mankiw, Gregory N. “Principles of Microeconomics”, 3ed South Western Thomson)
     is now available in the SZABIST Library.

Course Objective

     The aim of the course is to enable the students to understand the economic theory of individual behavior,
     behavior of firms, interaction of firms in the marketplace, and the role of markets in the economy.

     Course Pre-requisites: Mathematics and Statistics for Business

Course Outline

Lecture No.	Contents
1.	Introduction: (a) Ten Principles of Economics (b) Thinking Like an Economist
2.	Market Forces of Supply & Demand
3.	Elasticity and its Applications
	First Hourly Exam
4.	Supply Demand and Government Policies
5.	Consumers, Producers and the Efficiency of Markets
6.	Applications: The Cost of Taxation
7.	Interdependence and the gains from Trade Application: International Trade
	2nd Hourly Exam
8.	The Economics of the Public Sector
9.	The Cost of Production
10.	Firms in Competitive Market
11.	Monopoly
	3rd Hourly Exam
12.	Oligopoly
13.	Monopolistic Competition
14.	The Markets for Factors of Production
15.	Advanced Topic: The Theory of Consumer Choice
16.	Final Examination

Grading Plan

Marks Distribution	Weight age	Recomendation
1st Hourly	20
2nd Hourly	20	N-1
3rd Hourly	20
Quizzes	5
Assignments	5
Project / Reports	10
Final Examination	40
Total	100

Recommended Books:

1. Mankiw, Gregory N. “Principles of Microeconomics”, 3ed South Western Thomson;
2. Pindyck, Robert S. Rubinfeld, Daniel L., “Microeconomics”
3. Nicholson, Walter “Microeconomics Theory: Basic Principles and Extensions”

Reference Books:
1. Varian, Hall R. “Microeconomic Analysis”, 3 ed, W. W. Norton and Company;
2. Mc Connel and Brue “Economics”, 16 ed, Mc Graw Hill;
3. Samuelson and Nordhaus “Economics”, 17 ed, Irwin Mc G